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Trading opportunities for currency pair: going against a bear trend. Wave “B” on the weekly is forming as a triangle. It could trade between 0.7100 and 0.7370 until the end of the year. As soon as wave B forms wave “e”, look to open long positions with small protective stops under 0.7016 and with a 0.7620 target. A closing of the daily candle below 0.7016 will cancel the triangle and any growth scenario.

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Risk Warning: 76.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.